Page 9 - Crypto Trading

FTX fallout: Crypto markets on the back foot as investors pull funds

Investors continue to pull funds from digital-asset exchanges despite the latter's efforts to reassure markets about their stability.

Best of BS Opinion: Protecting data privacy, the FTX fraud, and more

Here is the best of Business Standard's opinion pieces for today

The FTX fraud and first principles

FTX, which was valued at $32 billion a few months ago and funded by the finest names of the global financial markets, suddenly declared bankruptcy on November 11

Crypto exchange FTX's bankruptcy filing reveals staggering mismanagement

FTX is a company that was valued at $32 billion just a couple of months ago

Crypto exchange doesn't see viable business in India, says Binance chief

"To be honest, I don't think India is a very crypto-friendly environment," Zhao was quoted as saying

New CEO of FTX John Ray III blasts its handling of financial information

The new CEO of the collapse cryptocurrency trading firm FTX, who oversaw Enron's bankruptcy, said he has never seen such a complete failure of corporate control. John Ray III, in a filing with the U.S. bankruptcy court for the district of Delaware, said there was a complete absence of trustworthy financial information." Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here," Ray said. From compromised systems integrity and faulty regulatory oversight abroad, to the concentration of control in the hands of a very small group of inexperienced, unsophisticated and potentially compromised individuals, this situation is unprecedented." Ray was named CEO of FTX less than a week ago when the company filed for bankruptcy protection and its CEO and founder Sam Bankman-Fried resigned.

Which investors will lose the most money because of FTX's implosion?

Out of all the investors, at least two major shareholders, Sequoia and Paradigm, have decided to mark their investments down to zero

Indian investors unsure after international crypto exchanges collapse

The collapse began earlier this month when Binance CEO Changpeng Zhao announced his exchange was liquidating all FTX tokens

SoftBank writes off $100 mn investment in bankrupt crypto exchange FTX

Beleaguered Japanese investment firm SoftBank invested the money as part of its Vision Fund 2 in FTX

Crypto meltdown

FTX underlines the risk of unregulated markets

Amid FTX collapse, Hong Kong-based crypto exchange suspends withdrawals

Hong Kong-based crypto exchange AAX has suspended withdrawals, citing the "failure of our third-party partner", which caused some users' balance data to be improperly recorded while

Binance-FTX saga deepens crypto investors' fears, Bitcoin near two-year low

With the fall deepening, experts said that the markets may not reach the November 2021 level anytime soon

Crypto exchange FTX's collapse being scrutinised by Bahamas authorities

FTX filed for bankruptcy on Friday, one of the highest profile crypto blowups, after traders rushed to withdraw $6 billion from the platform in just 72 hours

I hope to attract a bunch of interns from IIT-Bombay: Binance's Rohit Wad

Binance's Chief Technology Officer Rohit Wad talks to with Shivani Shinde about hiring more interns from India, making crypto easy to use and ensuring regulatory compliance

Despite regulatory uncertainties, investors betting big on Web3 startups

Money is pouring into a sector that is still evolving, despite regulatory uncertainties

Bankrupt FTX hit by mysterious outflow of about $662 mn in past 24 hours

It's unclear exactly who's making the transactions, but you wouldn't expect to see these on-chain trades at this time: Alex Svanevik, chief executive officer at Nansen

White House monitoring FTX collapse, calls for crypto industry regulation

The collapse this week of FTX dealt another blow to the cryptocurrency industry, which has seen severe volatility and bankruptcies of other high-profile firms, including Celsius Network Ltd

Crypto's most urgent question: Where will FTX's aftershock be felt?

From blue-chip venture investors to celebrity endorsements, from Silicon Valley to Washington, from lenders to yield farmers and market makers, the three-year-old firm cut a wide swath through online

How Sam Bankman-Fried fooled the crypto world and maybe even himself

The scandal has shocked the crypto players who giddily celebrated Bankman-Fried as the J.P. Morgan of their times and left them grasping for parallels

Sam Bankman-Fried: 'Crypto genius' who lost $14.5 billion in a single day

Bankman-Fried vanished from the Bloomberg Billionaires Index after his net worth just vaporised, falling 94% in a single day